Typhoon’s Economic Impact on Philippines Likely to be Minimal

By

Cris Larano

Nov 30, 2013 SGT

Bloomberg News

Typhoon Haiyan has come at great cost to the Philippines, but economists say the storm’s impact on the overall economy is likely to be minimal, while the rebuilding effort could even give a boost to the region hit hardest by the deadliest storm in the country’s modern history.

“What is really of concern is the impact on the people who have been affected,” said Amando Tetangco, the governor of the Philippines’ central bank. The government is trying to address this, he added, by injecting money into relief and reconstruction.

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